Charges over MCI scandal.
Attorney general Drew Edmondson said that charges have been filed alleging violation of Oklahoma security laws. He the company and the former executives of a 'scheme to artificially inflate the value of WorldCom stock and bonds by intentionally falsifying information'.
US federal investigators previously declined to charge the company itself because of fears that it could be put out of business with the loss of 5,000 jobs. Instead, federal investigators have filed charges against several senior executives.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Birmingham Post (England)|
|Date:||Aug 28, 2003|
|Previous Article:||Hammerson buoyed by Bullring success.|
|Next Article:||Kidde in pounds 44m deal for latest China jet.|
|Boeing units suspended; MCI faces debarment: corporate scandals bring penalties for contractors.|